Here’s why PI’s network price fell after an ecosystem news

PI Network price was withdrawn over 13% after the basic team launched a 100 million dollar ecosystem.

PI coin (Write) fell to $ 1.06, more than 35% of a maximum of 35% this week. This decline brought its market capital to $ 7.5 billion, down from a large 10-billion dollar earlier in the week.

The coin fell after the developer PI Network Ventures launchedA $ 100 Million Fund that will invest in launch that use your technology. The goal is to build a successful application ecosystem in industries such as retail and finance.

First, after the announcement of the Ecosystem Fund, the price of PI coins fell due to the phenomenon known as “buying rumors and selling news”. This happens when investors buy property in front of a large event, and then they are sold when news becomes public.

In the case of Pi Network, the token rose almost 200% when developers hinted at the upcoming news. The same same dynamics also explains why official Trump (Abdomen) Meme coin could fall after Exclusive dinner.

Second, the price of Pi Coin fell because the Ecosystem Fund will not have an immediate impact on the token. For one, it will take several months before funded projects starting online allocation. In addition, there is no guarantee that these projects will acquire a significant traction among users.

PI Network Ecosystems Fund has reduced expectations

Third, the announcement was missing from what more than PI network investors expected. Much of the speculation focused on the potential Exchanging list With one or more platforms in levels of levels such as waitress, stage or HTKS. Such a list would probably have an impact on the token by providing access to millions of potential merchants.

PI Network Token recording would also be well received, as tokenomes remain one of the greatest concerns among investors. Many wore cautious of 1,468 billion tokens who are expected to enter the turnover in the next 12 months. The combustion would help move this increase in supply.

Pi coin also withdrew as a wider feeling on the crypto market weakened. Bitcoin fell to $ 103,300, while the total market capitalization of all coins fell by 0.6% to $ 3.34 trillion. When the market is reversed, recent top performers often become the greatest lag.